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Unintended consequences of the Sino-US trade conflict (I) – Surprise for China

Kam Wei NG
 

While many observers see China as the underdog in its trade conflict with the US, Chinese President Xi Jinping said “China can come out of the trade war in better shape than the US”. His words may well have summarised an unintended consequence of the trade friction for China – President Xi may gain more domestic political capital which could facilitate his structural rebalancing efforts for the country and path the way for developing the renminbi as an asset class in the medium-term.

From blaming…

Any attempt to fully assess the impact of the trade dispute on China’s domestic development and foreign engagement must take into account the relationship between its middle class and the Chinese leadership. Since…

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